Atlanta Fed: US GDPNow estimate for Q1-2019 rises to 0.5% from 0.3%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 0.5 percent on March 6, up from 0.3 percent on March 4," the Federal Reserve Bank of Atlanta reported on Wednesday.

"After the Monthly Treasury Statement from the U.S. Department of the Treasury's Bureau of the Fiscal Service was released on Tuesday, March 5, the nowcast of first-quarter real government expenditures growth increased from 1.3 percent to 1.9 percent."